Windsurf, the maker of a well-liked AI coding assistant, is in talks to be acquired by OpenAI for about $3 billion, Bloomberg reported.
If the deal occurs, it could put OpenAI in direct competitors with quite a lot of different AI coding assistant suppliers, together with Anysphere, the maker of Cursor, which OpenAI backed from its OpenAI Startup Fund.
The acquisition may jeopardize the credibility of the OpenAI Startup Fund, provided that it’s one among Cursor’s largest buyers, stated an individual conversant in Cursor’s cap desk. It’s not clear whether or not OpenAI approached Cursor about an acquisition.
Along with what sources instructed Bloomberg, there are a couple of extra clues that one thing is happening between the 2 firms. A few days in the past, Windsurf customers obtained an e-mail that stated that due to an announcement later this week, they’ve the choice to lock in entry to the coding editor at $10 a month.
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And OpenAI Chief Product Officer Kevin Weil additionally launched a video yesterday praising Windsurf’s capabilities.
Windsurf, the corporate previously generally known as Codeium, has been in talks to boost contemporary funds at a $2.85 billion valuation led by Kleiner Perkins, TechCrunch reported in February. The corporate has reached about $40 million in annualized recurring income (ARR), in keeping with our reporting. That income run price is way decrease than Cursor’s, which reportedly makes $200 million on an ARR foundation. Cursor has been in talks to boost capital at about $10 billion valuation, Bloomberg reported final month.
Since its founding in 2021 by Varun Mohan and his childhood good friend and fellow MIT grad, Douglas Chen, Windsuf has raised $243 million from buyers together with Greenoaks Capital and Basic Catalyst, in keeping with PitchBook knowledge.
Extra reporting by Sarah Perez
